The British Pound is trading above 1.15 against the Euro and 1.30 against the Dollar on Thursday, February 22 with markets taking stock of the latest high-level Brexit meeting held between the EU and UK overnight.
A series of rumours that point to progress in Brexit negotiations appear to have triggered a strong rally in the British Pound over the course of the past 24 hours.
Negotiations between the UK and EU on the Brexit deal will be reopened following a meeting between European Commission President Jean-Claude Juncker and UK Prime Minister Theresa May.
Prime Minister Theresa May meets Northern Irish political parties today before moving on to Brussels on Thursday for a series of meetings, most notably with European Commission President Jean-Claude Juncker.
For the Pound, focus will remain primarily on Brexit developments as Prime Minister May heads to Belfast, while the release of Service PMI data in mid-morning could cause some short-term gyrations in the market.
The British Pound's strong start to 2019 might have reached a zenith with developments in parliament on the night of Tuesday, January 30 indicating that the market will have to remain wary of a 'no deal' Brexit occurring on March 29 and adopt a wait-and-see approach over coming days before pushing the Pound higher or lower.
Prime Minister Theresa May has on Tuesday told the UK parliament she will head back to Europe and ask that the Brexit Withdrawal Agreement struck with EU partners be reopened with the view to reworking the Northern Ireland backstop.
The British Pound was seen trading softer against major rivals on Tuesday, January 29 ahead of a number of key votes scheduled to take place in the UK parliament that could determine the nature of the UK's eventual exit from the European Union.
The British Pound is seen trading near multi-week highs against the U.S. Dollar, Euro and a number of other major currencies at the start of what promises to be another week packed with political intrigue.
The British Pound has pushed to new 2019 highs as markets continue to price in an expectation that Brexit will be delayed beyond March 29, a delay Prime Minister Theresa May is reportedly recognising as likely.
Pound Sterling has hit fresh two-month highs against the U.S. Dollar and Euro in the mid-week session as one of 2019's favourite trade shows it has the legs to run a little further.
Pound Sterling trades towards the top end of a multi-week range against the Dollar and Euro thanks to a combination of positive technical momentum and developments that suggest a 'no deal' Brexit will be avoided on March 29.
Prime Minister Theresa May will today reveal to parliament the shape of the government's "Plan B" Brexit deal with the hope that lawmakers will unite behind the proposed changes, an outcome that would ultimately be welcomed by markets and a British Pound that is craving certainty.
Bank of America Merrill Lynch Global Research have released new analysis that suggests Eurozone GDP could fall sharply in the event of a 'no deal' Brexit transpiring on March 29.
The British Pound sits near the top of multi-week highs against a number of major currencies on the assumption a 'no deal' Brexit wil be avoided. However, we hear from a number of analysts that markets could be accused of being too sanguine.
The Pound has recovered back towards the top of recent ranges as foreign exchange markets believe Theresa May will ultimately secure the compromises required to gather a majority for her deal in the House of Commons.
Rolling updates on what the currency pundits are saying ahead of tonight's key parliamentary vote on the EU-UK Brexit deal.
From a technical perspective Pound Sterling is positively aligned against the Euro, but we are wary of a notable spike in volatility over coming days as the EU-UK Brexit deal is put in front of the UK parliament.
The British Pound is seen consolidating recent gains against both the Euro and U.S. Dollar as the countdown to parliament's meaningful vote on Brexit gets underway with parliamentarians set to start debating the merits of the deal today.
Betting markets are quoting odds of 3/1 that the British Pound will fall to parity against the Euro in 2019 while UK government ministers frantically deny they are putting out feelers on the prospect of delaying Brexit.
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